Jet Support Services, Inc. (JSSI) has acquired assets of S3 Aero Specialists. This is the latest strategic acquisition for JSSI, following the May 2018 acquisition of aviation data specialists, Conklin & de Decker, JSSI announced in a release.
JSSI is the leading independent provider of maintenance support and financial services to the business aviation industry. S3 Aero Specialists is a leading provider of business aviation consulting services.
As a result of the acquisition, an American Society of Appraisers member will assume the role of director for JSSI. Richard Thompson, principal of S3 Aero Specialists and an accredited appraiser, has been named director of JSSI Advisory Services and will be responsible for business development.
S3 Aero Specialists offers clients more than 20 years of industry maintenance and operational expertise. The company specializes in aircraft appraisals, safety compliance, asset management and technical oversight.
“With this acquisition, we are gaining additional industry expertise and valuable, long-standing relationships. It will enable us to bring an even greater level of service and support to our clients seeking aircraft consulting services,” JSSI Advisory Services President Jason Schwab said in the release. “We are particularly excited to welcome Richard to the team as our eighth ASA-accredited appraiser.”
Schwab also said Thompson is a business aviation veteran with a sterling reputation built over two decades in the industry. His deep aviation roots, in both rotor- and fixed-wing turbine aircraft, reflect his understanding of the entire life cycle of aircraft ownership and operations, the company president said.
Thompson has held a range of positions during his 25-year career in the aviation industry, including A&P technician, completion manager, service center manager, director of maintenance, consultant, and qualified appraiser and auditor. He holds a senior appraiser accreditation from ASA and is Uniform Standards of Professional Appraisal Practice (USPAP) compliant as a senior appraiser. Thompson is also an accredited auditor for the International Business Aviation Council’s operations and aircraft handling safety standard programs IS-BAO and IS-BAH.
“I have always admired JSSI’s success in the market, and their recent expansion into advisory services is a perfect add-on to a proven line of maintenance programs,” Thompson said. “I look forward to working with the JSSI team to grow this business and support our new and existing clients with additional amenities and exceptional JSSI service.”
JSSI provides customers with comprehensive, flexible and affordable financial programs and tools for managing the costs of operating and maintaining business and commercial jets, turboprops and helicopters. JSSI Advisory Services utilizes JSSI’s technical expertise and global network to inspect aircraft, perform ASA-certified appraisals, assist with maintenance cost planning, manage maintenance events, and provide insurance claims management. JSSI’s dedicated Asset Monitoring Platform is available to aviation lenders as a tool to assist in the mitigation of risk and the management of financed aircraft.